New Issue: RBC prices $347,000 barrier booster notes tied to iShares MSCI EAFE, EM

By Susanna Moon

Chicago, March 13 – Royal Bank of Canada priced $347,000 of 0% barrier booster notes due Feb. 28, 2023 linked to the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If each fund gains by more than 44.3%, the payout at maturity will be par plus the return of the worse performing fund.

If the worse performing fund gains by up to 44.3%, the payout will be par plus 44.3%.

If either fund falls by up to the 60% barrier level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing fund.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying funds:	iShares MSCI EAFE ETF, iShares MSCI Emerging Markets ETF
Amount:	$347,000
Maturity:	Feb. 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each fund gains by more than 44.3%, par plus return of worse performing fund; if worse performing fund gains by up to 44.3%, par plus 44.3%; if either fund falls by up to 40%, par; otherwise, 1% loss per 1% decline of worse performing fund
Initial levels:	$71.34 for EAFE fund, $49.72 for EM fund
Barrier levels:	$42.80 for EAFE fund, $29.83 for EM fund, 60% of initial levels
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Underwriter:	RBC Capital Markets, LLC
Fees:	2.75%
Cusip:	78013XFA1

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